Tammy Wheatley
My First Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $290,000
Cash invested: $60,000
Duplex. I live in one side, rent out the other. It is in a lovely, unincor...
Eric R.
REO property not closing on time
I am in the process of buying a banked owned property. We have signed the contract and put a ridiculous (IMO) earnest money down of 10% in escrow at their title company. It has been about three days since we put the...
Leigh Ann Smith
Annnnd now I think my first VRBO guest is a scammer
So, this woman paid $573 in advance and she owes another $573 on the day of check-in, which is today. Yesterday she messaged and asked if she could check in early. She's from out of town and is working nights at a h...
Andrew S.
Still in shock...looked at a few student rentals today
Still looking for my first deal and decided in our run down town that student rentals provide the best cash flow. I have done a lot of research and today was the day to finally see some. We have the worst economy...
Sylvia Hanna
Fix and flip, out of state...
Six months went by and I still didn't buy my first rehab project. I'm looking to purchase in the Orlando area in Florida. There are homes for 30-60K I see online and the resale could be 85K on the lower end in some...
Brian Dickerson
Month to month vs lease
Hey all,
Got our first duplex closed yesterday. Inherited month to month tenants in both units. One has been there 4 years. The other about a year. Of course the property manager recommends getting them to sign a a...
Lucas Hammer
Painting a bathroom while tenant is living there?
So I've been a landlord for a total of 2 weeks. There were some black spots in a tenant's bathroom on the walls and I think they were mildew. We wiped the whole wall down with a bleach mixture and used a quality prime...
Jackson Long
Late fee limits for Pierce or Washington?
A while back I looked into this and came away believing that there was no limit to what you could charge for a late fee as long as it was in the lease.When my son was young and in day care they had these ABSURD late f...
Richard Hudson
Are there any lenders, bankers or mortgage brokers that don't have title seasoning requirements?
have short sales and pre-approved end-buyers but I'm having problems selling to my pre-approved end buyers because of title seasoning requirements. Lenders are wanting title to be held 90 days to 6 months before I ca...
Nick Stageberg
best lender for a boring cash out conventional refi?
Hello! I am located in Rochester Minnesota. I have a class B duplex worth maybe $240,000. I purchased the property in the spring, did a massive rehab, have it rented out to some solid tenants and is now seasoned enou...